Russell Investments Group Ltd. Increases Stake in CNA Financial Corporation $CNA

Russell Investments Group Ltd. raised its holdings in shares of CNA Financial Corporation (NYSE:CNA) by 22.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,352 shares of the insurance provider’s stock after buying an additional 16,246 shares during the period. Russell Investments Group Ltd.’s holdings in CNA Financial were worth $4,437,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Barclays PLC increased its stake in shares of CNA Financial by 27.4% in the fourth quarter. Barclays PLC now owns 40,053 shares of the insurance provider’s stock worth $1,937,000 after purchasing an additional 8,609 shares in the last quarter. Mariner LLC increased its stake in shares of CNA Financial by 15.7% in the fourth quarter. Mariner LLC now owns 16,213 shares of the insurance provider’s stock worth $784,000 after purchasing an additional 2,202 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of CNA Financial by 119.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 12,447 shares of the insurance provider’s stock worth $602,000 after purchasing an additional 6,784 shares in the last quarter. Natixis bought a new position in shares of CNA Financial during the fourth quarter worth $221,000. Finally, Stifel Financial Corp grew its stake in CNA Financial by 68.3% during the fourth quarter. Stifel Financial Corp now owns 9,812 shares of the insurance provider’s stock valued at $475,000 after acquiring an additional 3,983 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CNA Financial news, Chairman Dino Robusto sold 6,250 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $47.63, for a total transaction of $297,687.50. Following the completion of the transaction, the chairman owned 705,588 shares in the company, valued at $33,607,156.44. This trade represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is owned by company insiders.

CNA Financial Stock Up 0.0%

CNA opened at $49.3210 on Friday. The firm has a 50-day simple moving average of $45.69 and a two-hundred day simple moving average of $47.38. CNA Financial Corporation has a 52 week low of $43.29 and a 52 week high of $52.36. The company has a market capitalization of $13.35 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 4.41 and a beta of 0.51. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.23.

CNA Financial (NYSE:CNA) last released its quarterly earnings data on Monday, August 4th. The insurance provider reported $1.23 EPS for the quarter, beating the consensus estimate of $0.94 by $0.29. CNA Financial had a net margin of 5.99% and a return on equity of 11.85%. The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the prior year, the firm earned $1.19 EPS. Analysts forecast that CNA Financial Corporation will post 4.64 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Monday, August 18th will be given a dividend of $0.46 per share. The ex-dividend date is Monday, August 18th. This represents a $1.84 annualized dividend and a yield of 3.7%. CNA Financial’s dividend payout ratio (DPR) is 57.32%.

CNA Financial Profile

CNA Financial Corporation provides commercial property and casualty insurance products in the United States and internationally. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity and cyber coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; professional and general liability, as well as associated casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.